Business

PM's aide says global lender's programme will benefit the poor, create jobs

Hits all-time low of 148.5 against dollar, closes at 146.52

Banks formed two cartels to manipulate spot foreign exchange market for 11 currencies

Decrease comes on back of external debt servicing, other official payments

Beijing says it will take all necessary steps to protect its companies

Brent looks poised to breach the upper bound of its recent $70-73 a barrel price range: Citi

Benchmark KSE-100 index declines 320.53 points to settle at 33,971.12

Rupee weakened by over five per cent or Rs7.10

Xi has repeatedly promised to open up the Chinese economy

The project would remove all unmanned level crossings on the railway network of ML-I

Argues such a move will significantly boost tax collection

Production likely to fall 30%, but exports are expected to increase

Dispute hinges over govt’s refusal to supply subsidised gas; Rs110 million set aside for legal fees alone

Move aimed at overcoming power shortages in Karachi

Gap narrows after 34% rupee depreciation against dollar since Dec 2017

Finance ministry seeks details of forex needs of ministries, divisions

Govt decides to crackdown against currency dealers selling dollar above Rs144

Senator says tribal districts exempted from paying taxes for five years

Some currency dealers face acute shortage of dollars

Benchmark KSE-100 index rises 1.2% to settle at 34,291.65

Crude inventories climb 8.6m barrels in the week to May 10 to 477.8m

Says no meaningful development is possible without cooperation of exporters

Smuggling costs economy Rs450 billion every year; legal hurdles, red tape hinder enforcement

Both sides deliberate over incentive package for the Rashakai SEZ

He was placed on ECL in wake of NAB probe into LNG terminal contract

Some view it as a welcome initiative; others are concerned about its impact on economy

Tax revenue from the industry dropped after introduction of this slab

Rise comes due to uptrend in global market, rupee weakness vs dollar

Benchmark KSE-100 index loses 15.29 points to settle at 33,885.09

Saudi energy minister, however, says production and exports are continuing without disruption

Asset Declaration Scheme offers all Pakistanis opportunity to legalise hidden assets at 4% tax by June 30

Talks are not a one-way street and should be based on equality, he said

FIEDMC will provide land to the foreign firm in SEZ of M3 Industrial Estate

Beijing hits back as US signals intent to slap tariffs on all Chinese imports

Envoy says CASA-1,000 power project is likely to be fully operational by 2020

However, MSCI Inc removes three small-cap stocks

Ankara cites incomplete data for not providing information

Drops to Rs143.70 to the US dollar as demand-supply gap widens

Fall comes due to interest rate hike, rupee depreciation

Abdul Hafeez Shaikh announces 4% tax for legalising Benami assets inside the country, 6% for assets abroad

Online giant ramps up efforts to control its own logistics

Two Saudi Arabian oil tankers among vessels targeted by 'sabotage attack'

Beijing, however, stops short of announcing how it will deal with the escalating trade dispute

Price of the cryptocurrency has almost doubled this year

Decline comes on back of massive institutional selling following signing of IMF deal

In short term, oil prices may get a further boost from US-Iran standoff

It can agree on a lower renewal fee; operators should commit to spend more in field

Will also establish aerospace research parks, cargo villages for export promotion

Improvement in market liquidity, economic stabilisation key to sustaining current status

New team must ensure policies that raise revenue, improve business environment